<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FINANCIAL STATEMENTS FILED IN ITEM 1 TO THE COMPANY'S FORM 10-Q FOR THE QUARTER
ENDED SEPTEMBER 30, 1998 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH
FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-END>                               SEP-30-1998
<CASH>                                           1,689
<SECURITIES>                                    30,961
<RECEIVABLES>                                    4,175
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                47,623
<PP&E>                                           1,574
<DEPRECIATION>                                     310
<TOTAL-ASSETS>                                  50,081
<CURRENT-LIABILITIES>                            2,562
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                            73
<OTHER-SE>                                      46,473
<TOTAL-LIABILITY-AND-EQUITY>                    50,081
<SALES>                                              0
<TOTAL-REVENUES>                                 6,020
<CGS>                                                0
<TOTAL-COSTS>                                    4,610
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                   2
<INCOME-PRETAX>                                  1,408
<INCOME-TAX>                                     (350)
<INCOME-CONTINUING>                                  0
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     1,758
<EPS-PRIMARY>                                      .55
<EPS-DILUTED>                                      .55